CBN Injects More $285.7m Forex Market

The Central Bank of Nigeria (CBN) on Friday injected a total of $285,759,449.10 into the Inter-Bank Foreign Exchange Market to meet requests in four...

Why We Retained 14% Interest Rate, By CBN

Of seven MPC members that attended yesterday’s session, six voted for retention of Monetary Policy Rate (MPR) at 14 percent; Cash Reserves Ratio (CRR)...

Naira Falls Against Dollar

The naira on Monday depreciated further against the dollar at the parallel market, exchanging at N367 to the dollar. The Nigerian currency lost one point...

FG Withdraws Suit Against Seven Banks Over TSA

The federal government has filed a notice of discontinuance of a suit it filed before Justice Chuka Obiozor of a Federal High Court in...

Customs Intercepts 37 Brand New Vehicles  Worth N1.4bn

An  intensive anti-smuggling operation by the  Federal Operations Unit (FOU) of the Nigeria Customs Service (NCS) has led to the interception of 37 assorted vehicles...

Why Central Bank Retained Lending Rate At 14 %  -Emefiele

The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, on Tuesday said the benchmark lending rate for banks in the country was...

Customs Removes Road Blocks Nationwide

Following directive from the Presidential Enabling Business Environment Council (PEBEC) in line with the Executive Orders issued by the federal government, the Nigeria Customs...

Etisalat Nigeria Changes Name To 9mobile

Embattled telco, Etisalat Nigeria is set to change its brand name to 9Mobile. Its parent company on the United Arab Emirates,  Mubadala Group, pulled out...

Nigeria Can’t Borrow Any More – Finance Minister

Against the backdrop of the nation’s rising debt profile, the Minister of Finance, Mrs. Kemi Adeosun, has said the Federal Government must not borrow...

Etisalat Pulls Out Of Nigeria

In confirmation of its withdrawal from Nigeria, the Abu Dhabi-based Etisalat Group announced Monday that it had terminated its management agreement with its Nigerian...
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Nigeria 11th Worst Place To Be Born

The number of newborn babies dying each year remains “alarmingly high” around the world—and moreso in developing countries, the United Nations Children’s Fund says...

Court Acquits Nnamani Of Corruption Charges

A Federal High Court sitting in Lagos has held that there is no valid charge before it in relation to the case of the...

Buhari Dumped My Husband After 2015 APC Victory, Says Oluremi Tinubu

As the national leader of the All Progressives Congress, Asiwaju Bola Tinubu, begins to reconcile warring sides in the ruling party, his wife, Senator...
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